Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32574.

dexX7

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Quote from: btc237ftw on July 19, 2013, 11:55:10 AM

To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC

SD holders received the payout in Bitcoin via MPEx in 20 batches within 5-10 minutes 13-14 hours ago. It's unclear, when the BTC were purchased and if at all as we only could spot 20-30k coming into MPEx in a shorter timeframe before payout and more chucks some days and weeks before. I'm not very familiar with the amounts on MPEx, but people say it's not something very special, when such amounts arrive there.

The only reasonable scenario I see for buying those 130+k BTC after the payout would be a super whale who has both large amounts of BTC and fiat and who speculated to cause a selloff with the payout - 130k coins which could possibly be dumped on BTC/USD.

ElectricMucus

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Marketing manager - GO MP

Quote from: lucas.sev on July 19, 2013, 11:59:48 AM

Quote from: btc237ftw on July 19, 2013, 11:55:10 AM

Quote

The payout was in BTC, not USD.

To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC

do you even know what payout means?

He's suggesting that the new owners of satoshi dice don't already have the BTC they agreed to pay for it. Tremendously stupid I know, but we can expect such suggestions under these circumstances.

btc237ftw

full member

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Quote

do you even know what payout means?

LOL

Paying someone OUT from a company, else known as Exit or BuyOut.

"an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser."

Sheeesh - DO YOU KNOW WHAT IT MEANS?!?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

lucas.sev

sr. member

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Quote from: btc237ftw on July 19, 2013, 11:55:10 AM

Quote

The payout was in BTC, not USD.

To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC

do you even know what payout means?

btc237ftw

full member

Activity: 157

Merit: 100

Quote

The payout was in BTC, not USD.

To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC

btc237ftw

full member

Activity: 157

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Quote

buyings from payout? wtf?

SatoshiDice was sold for $11M In bitcoins and the announcement said they payout will start today in batches

MidnightTokr

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Quote from: btc237ftw on July 19, 2013, 11:50:35 AM

There has been a buyout from a single entity of 5,000 btc (almost $500,000) - could this be the first batch of buyings from the $11M of the SatoshiDice PayOut?

The payout was in BTC, not USD.

derpinheimer

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Quote from: lucas.sev on July 19, 2013, 11:47:04 AM

Quote from: derpinheimer on July 19, 2013, 11:44:28 AM

Quote from: JimboToronto on July 19, 2013, 11:43:43 AM

nice little buy

Little? >5k

1.5k, how is it supposed to be 5k if volume during past 20 min is less than 2k?

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: btc237ftw on July 19, 2013, 11:50:35 AM

There has been a buyout from a single entity of 5,000 btc (almost $500,000) - could this be the first batch of buyings from the $11M of the SatoshiDice PayOut?

buyings from payout? wtf?

btc237ftw

full member

Activity: 157

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There has been a buyout from a single entity of 5,000 btc (almost $500,000) - could this be the first batch of buyings from the $11M of the SatoshiDice PayOut?

w00dy

member

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Quote from: lucas.sev on July 19, 2013, 11:47:04 AM

Quote from: derpinheimer on July 19, 2013, 11:44:28 AM

Quote from: JimboToronto on July 19, 2013, 11:43:43 AM

nice little buy

Little? >5k

1.5k, how is it supposed to be 5k if volume during past 20 min is less than 2k?

clarkmoody and tradeview both say >5k

JimboToronto

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You're never too old to think young.

Quote from: derpinheimer on July 19, 2013, 11:44:28 AM

Little? >5k

I saw it as closer to 2.5k for the main buy.

Either way compared to the 11k whale dump a couple of nights ago it's somewhat modest.

Cablez

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I owe my soul to the Bitcoin code...

Even more interesting are the little walls that come along with the buy.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: derpinheimer on July 19, 2013, 11:44:28 AM

Quote from: JimboToronto on July 19, 2013, 11:43:43 AM

nice little buy

Little? >5k

1.5k, how is it supposed to be 5k if volume during past 20 min is less than 2k?

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: grubles on July 19, 2013, 11:11:34 AM

Quote from: ChartBuddy on July 19, 2013, 11:01:16 AM

What is this? A chart for ants?

Click it!

But CB could get a bit larger.. there are still some pixels in height left, before interfering with the surrounding layout.

derpinheimer

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Quote from: JimboToronto on July 19, 2013, 11:43:43 AM

nice little buy

Little? >5k

JimboToronto

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You're never too old to think young.

nice little buy

Its About Sharing

legendary

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Antifragile

Quote from: grubles on July 19, 2013, 11:11:34 AM

Quote from: ChartBuddy on July 19, 2013, 11:01:16 AM

What is this? A chart for ants?

Close...

thezerg

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Activity: 1246

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Everybody thinks SD buyout -> 150k BTC being sent to stockholders... not true if the buyer already owned 90% of the outstanding stock. Always a good plan to ensure the purchasing "premium" is a lot fewer actual BTC than calculated.

As for the "whys" of the sale, it was inevitable. When you've got little, being involved in a quasi-legal enterprise (that does not violate your own ethical standards) is one thing. But once you're looking at living a luxurious lifestyle without ever working again, the idea of cooling your heels in jail over an issue that could have gone either way starts looking pretty grim. SD probably went on the block the moment the website was blocked to US customers.

Better (for SD at least) that it be sold to an owner living in a jurisdiction where gambling is legal...

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32574. (Read 26471025 times)